Moving to a new city, particularly in your 20s or 30s, can be a defining moment in your life. Yet people in the U.S. are moving at historically low rates, and you don’t need to look far to see why. Continue reading “Slow on the Move: Prices, Technology and Rent Control”
Have you ever walked to a particular location, say a friend’s house, and found that the walk actually was a lot farther than you had expected making it quite the unpleasant walk? But, you found that on the way back the walk seemed to go by much more quickly? There’s a scientific name term for this. It’s called the “return trip effect” (RTE). Continue reading “The Economics of the “Return Trip Effect””
With the recent merger of Amazon and Whole Foods, some folks are concerned with Amazon’s rising monopoly power. I wouldn’t be so worried, though. Continue reading “Amazonopoly: The Whole Foods and Amazon Merger”
The debate on income inequality continues to roar, despite current political scandal distractions. But, we’ll get nowhere on the issue if we aren’t all on the same page as to what we’re debating. Continue reading “When Debating Income Inequality, Get On the Same Page”
For one to think that free market economics rests on the assumption of perfect competition is a blatant misunderstanding at how free market economists, particularly from the Austrian tradition, view markets, in general. So, let’s try and clear that up.